Construction output continues to rise, but the pace of growth is weak and depends on increased Government investment, a survey reveals.

Government investment is still offsetting a downturn in new housing and commercial work according to research by the Construction Confederation and the Construction Products Association (CPA).

ÐÇ¿Õ´«Ã½ contractors reported modest growth during the second quarter with 22% of contractors having increased output on last year. Just under half of contractors expect to increase output over the next 12 months, down from 66% during the first quarter.

Stephen Ratcliffe, chief executive of the Construction Confederation, says companies are cautious about the future because of higher material prices and, spongy tender price inflation.

Source

Construction Manager